Rhode Island motorists will see a small increase of one-cent in the gasoline tax on July 1, 2015 to account for inflation, according to the state Department of Revenue.
This tax, known commonly as the state "gas tax" will increase from 32 to 33 cents per gallon, based on calculations from the state Division of Taxation. This adjustment is required under state law.
The law approved by the General Assembly last year requires the state to follow the percentage increase in the federal consumer price index for all urban consumers as published by the U.S. Department of Labor Statistics.
A hike of one-cent on the gasoline tax will bring in about $4.2 million in new revenues in the state budget year that begins on July 1.
The one-cent increase also applies to diesel and other taxable motor fuels. This mandatory adjustment for the gas tax does not apply to the one-cent state environmental protection regulatory tax or to the 18.4-cent federal excise tax. The overall tax on a gallon of gas in Rhode Island, as of April 1, 2015, was 51.40 cents, according to date from the American Petroleum Institute, an industry trade group.